{"id":5052,"date":"2010-11-06T10:56:59","date_gmt":"2010-11-06T15:56:59","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=5052"},"modified":"2010-11-06T11:02:30","modified_gmt":"2010-11-06T16:02:30","slug":"exporting-our-way-to-stability","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2010\/11\/06\/exporting-our-way-to-stability\/","title":{"rendered":"Exporting Our Way to Stability"},"content":{"rendered":"

President Barack Obama has learned the lesson.\u00a0 He is putting more effort into explaining what he is doing.\u00a0 In The New York Times<\/em> column Exporting Our Way to Stability<\/strong><\/a>, he explains the reason for his Asian trip.<\/p>\n

AS the United States recovers from this recession, the biggest mistake we could make would be to rebuild our economy on the same pile of debt or the paper profits of financial speculation. We need to rebuild on a new, stronger foundation for economic growth. And part of that foundation involves doing what Americans have always done best: discovering, creating and building products that are sold all over the world.<\/p><\/blockquote>\n

Perhaps you read the idea of exports powering our way to the future on this very blog. In my August 2 post titled Defining Prosperity Down<\/strong><\/a>, I said the following addressed to my friend ScottC:<\/p>\n

So what will power our economy in the future?\u00a0 It has to be exports.\u00a0 There are places in the world where this over consumption from a real estate bubble did not happen.\u00a0 In fact there is under consumption in these places compared to the rising real wealth (standard of living) of the people in those countries.\u00a0 You probably know from your own experience with coworkers and customers that India, China, Korea, and Viet Nam are growth areas, to name a few.<\/p><\/blockquote>\n

Also look at the April post Romer: Recovery to be export fueled<\/strong><\/a> and the January post Capitalism Is The Path To Prosperity<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

President Barack Obama has learned the lesson.\u00a0 He is putting more effort into explaining what he is doing.\u00a0 In The New York Times column Exporting Our Way to Stability, he explains the reason for his Asian trip. AS the United States recovers from this recession, the biggest mistake we could make would be to rebuild […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-5052","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/5052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=5052"}],"version-history":[{"count":3,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/5052\/revisions"}],"predecessor-version":[{"id":5054,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/5052\/revisions\/5054"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=5052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=5052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=5052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}